San Mateo, CA County is an expensive housing market. The median value of homes is $1,488,500, which is much higher than the US median value of $338,100. This high median value is also accompanied by a higher rate of house appreciation at 11.87%, compared to the US average of 8.27%. With ever increasing home values and appreciation rates, San Mateo offers an incredibly competitive and lucrative housing market for potential homeowners looking to invest in the area.
The median home cost in San Mateo County is $1,488,500. Home appreciation the last 10 years has been 84.9%. Home Appreciation in San Mateo County is up 13.4%.
Average Age of Homes
- The median age of San Mateo County real estate is 52 years old
The Rental Market in San Mateo County
- Renters make up 38.7% of the San Mateo County population
- 2.4% of houses and apartments in San Mateo County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.